Forex: GBP/USD (Pound Sterling vs US Dollar)

When looking that the combination of GBP/USD, you will see that the pound is in the base position and that the dollar is in the counter position. You will need to buy enough of both at the base to sell at the counter. When you buy or sell this combination is depending upon several factors such as market stability and other indicators. This is a pretty stable pairing, with both a weak and strong currency to have a balanced pair for trade on the currency market. Normally this would not be considered a cross currency pairing as the US dollar is in this particular pairing.
However using the pairing of GBP/USD can still be done much like a cross currency trade. This can also be a very common pairing in the Forex world of currency trading. These two currencies are a lot alike and depending upon circumstances and market conditions, you may find that this is a very commonly traded pair. As with all pairings, remember to buy enough in both currencies so that you don’t short yourself. If you have a Forex trading account that sends you updates, you will be informed so that you can make the right decision when either buying or selling the pair.
GBP/USD is a good combination for trading depending upon what the market conditions are at any given time during the day of trading. With that said, if you know what the market is doing, then you should be able to make a buy or sell of this currency pair and make a profit.

Forex: archive of forecasts GBP/USD

Currency pair D1 H4 Res. Sup. Date
GBP/USD R↑ B↑ 1.5935 → 1.598 1.582 → 1.574 8/2/2012 2:45
GBP/USD R↑ G↑ 1.586 → 1.5905 1.575 → 1.5685 7/2/2012 2:45
GBP/USD R↑ B↓ 1.587 → 1.592 1.576 → 1.57 6/2/2012 2:50
GBP/USD R↑ B↓ 1.5845 → 1.5885 1.578 → 1.575 3/2/2012 2:43
GBP/USD B↑ B↑ 1.5905 → 1.598 1.573 → 1.563 2/2/2012 2:42
GBP/USD B↑ B↑ 1.58 → 1.5845 1.5705 → 1.565 1/2/2012 2:45
GBP/USD B↑ G↑ 1.5745 → 1.578 1.566 → 1.5615 31/1/2012 2:44
GBP/USD B↑ G↓ 1.5755 → 1.5785 1.5665 → 1.5605 30/1/2012 2:45
GBP/USD B↑ R↑ 1.573 → 1.5775 1.5645 → 1.5605 27/1/2012 2:48
GBP/USD B↑ B↑ 1.571 → 1.5765 1.5565 → 1.5475 26/1/2012 2:44
GBP/USD B↑ B↑ 1.5655 → 1.5685 1.556 → 1.55 25/1/2012 2:51
GBP/USD B↑ G↓ 1.5605 → 1.5645 1.552 → 1.5475 24/1/2012 2:43
GBP/USD B↑ R↑ 1.557 → 1.5605 1.5475 → 1.5415 23/1/2012 2:44
GBP/USD B↑ R↑ 1.5515 → 1.554 1.5435 → 1.5385 20/1/2012 3:23
GBP/USD R↓ R↑ 1.5385 → 1.544 1.529 → 1.525 18/1/2012 2:44
GBP/USD B↓ B↑ 1.536 → 1.539 1.528 → 1.524 17/1/2012 2:36
GBP/USD B↓ G↑ 1.5395 → 1.549 1.522 → 1.5135 16/1/2012 2:35
GBP/USD B↓ R↓ 1.537 → 1.541 1.528 → 1.5235 13/1/2012 2:47
GBP/USD B↓ B↓ 1.544 → 1.556 1.526 → 1.519 12/1/2012 2:36
GBP/USD B↓ R↑ 1.5505 → 1.553 1.545 → 1.542 11/1/2012 2:35
GBP/USD B↓ G↑ 1.5485 → 1.551 1.541 → 1.5365 10/1/2012 2:37
GBP/USD B↓ R↓ 1.5505 → 1.559 1.5355 → 1.529 9/1/2012 6:31
GBP/USD B↓ R↓ 1.5475 → 1.553 1.536 → 1.53 30/12/2011 2:53
GBP/USD G↓ B↓ 1.5615 → 1.578 1.5365 → 1.528 29/12/2011 2:51
GBP/USD R↑ B↑ 1.5705 → 1.574 1.561 → 1.5555 28/12/2011 3:37
GBP/USD G↓ R↓ 1.5655 → 1.568 1.5595 → 1.556 27/12/2011 2:43
GBP/USD G↓ B↓ 1.5675 → 1.5745 1.5565 → 1.5525 26/12/2011 2:43
GBP/USD B↑ G↓ 1.572 → 1.576 1.564 → 1.56 23/12/2011 5:05
GBP/USD B↑ G↓ 1.575 → 1.582 1.562 → 1.557 22/12/2011 6:05
GBP/USD G↑ B↑ 1.574 → 1.582 1.554 → 1.5415 21/12/2011 3:02
GBP/USD R↓ G↓ 1.554 → 1.558 1.546 → 1.542 20/12/2011 2:45
GBP/USD R↓ G↓ 1.554 → 1.5585 1.5465 → 1.543 19/12/2011 2:33
GBP/USD R↓ B↑ 1.555 → 1.5585 1.545 → 1.5395 16/12/2011 2:37
GBP/USD B↓ R↓ 1.553 → 1.559 1.5405 → 1.534 15/12/2011 2:37
GBP/USD G↓ B↓ 1.559 → 1.5695 1.541 → 1.534 14/12/2011 2:35
GBP/USD R↑ R↓ 1.5645 → 1.571 1.5525 → 1.547 13/12/2011 2:36
GBP/USD B↑ R↓ 1.5735 → 1.581 1.5585 → 1.551 12/12/2011 2:36
GBP/USD B↑ G↓ 1.5725 → 1.583 1.5565 → 1.551 9/12/2011 2:43
GBP/USD B↑ B↑ 1.5755 → 1.58 1.5625 → 1.5545 8/12/2011 2:40
GBP/USD B↑ G↑ 1.5655 → 1.571 1.555 → 1.5505 7/12/2011 2:44
GBP/USD B↑ R↓ 1.571 → 1.578 1.558 → 1.552 6/12/2011 2:36
GBP/USD B↑ B↓ 1.569 → 1.578 1.554 → 1.548 5/12/2011 2:36
GBP/USD B↑ G↓ 1.575 → 1.581 1.563 → 1.557 2/12/2011 2:45
GBP/USD G↑ R↑ 1.581 → 1.592 1.556 → 1.5415 1/12/2011 2:45
GBP/USD G↑ R↑ 1.5675 → 1.576 1.549 → 1.5385 30/11/2011 2:35
GBP/USD R↓ G↓ 1.558 → 1.5655 1.5445 → 1.538 29/11/2011 2:45
GBP/USD R↓ B↑ 1.549 → 1.555 1.5395 → 1.536 28/11/2011 2:42
GBP/USD B↓ B↓ 1.554 → 1.5595 1.546 → 1.543 25/11/2011 2:44
GBP/USD B↓ R↓ 1.562 → 1.572 1.5455 → 1.539 24/11/2011 2:44
GBP/USD B↓ R↓ 1.569 → 1.5745 1.558 → 1.5525 23/11/2011 2:42
GBP/USD B↓ B↓ 1.5755 → 1.587 1.5565 → 1.5495 22/11/2011 2:44
GBP/USD B↓ G↓ 1.587 → 1.595 1.572 → 1.565 21/11/2011 2:37
GBP/USD B↓ B↑ 1.581 → 1.587 1.569 → 1.563 18/11/2011 2:40
GBP/USD B↓ R↓ 1.58 → 1.5865 1.569 → 1.565 17/11/2011 2:40
GBP/USD B↓ B↓ 1.59 → 1.598 1.577 → 1.5715 16/11/2011 2:40
GBP/USD B↓ B↓ 1.604 → 1.617 1.583 → 1.575 15/11/2011 2:34
GBP/USD R↓ B↑ 1.6135 → 1.621 1.594 → 1.5815 14/11/2011 2:36
GBP/USD B↓ R↓ 1.599 → 1.6045 1.587 → 1.581 11/11/2011 4:31
GBP/USD G↓ B↓ 1.6055 → 1.6195 1.584 → 1.5765 10/11/2011 2:43
GBP/USD R↑ R↑ 1.613 → 1.6175 1.604 → 1.599 9/11/2011 2:36
GBP/USD R↓ R↑ 1.6095 → 1.6135 1.5995 → 1.594 8/11/2011 2:38
GBP/USD R↓ R↑ 1.607 → 1.6125 1.595 → 1.589 7/11/2011 2:36
GBP/USD R↓ B↑ 1.6105 → 1.6175 1.5915 → 1.58 4/11/2011 6:28
GBP/USD B↓ B↓ 1.6025 → 1.6105 1.5895 → 1.584 3/11/2011 2:42
GBP/USD G↓ B↓ 1.606 → 1.618 1.586 → 1.577 2/11/2011 2:39
GBP/USD R↑ G↓ 1.6175 → 1.627 1.597 → 1.5865 1/11/2011 2:43
GBP/USD R↑ B↓ 1.616 → 1.6195 1.608 → 1.603 31/10/2011 2:46
GBP/USD R↑ B↑ 1.6175 → 1.625 1.5985 → 1.5875 28/10/2011 2:48
GBP/USD R↑ G↑ 1.6035 → 1.6115 1.5885 → 1.581 27/10/2011 2:46
GBP/USD R↑ R↑ 1.604 → 1.608 1.596 → 1.5915 26/10/2011 2:46
GBP/USD R↑ R↑ 1.603 → 1.607 1.5925 → 1.5855 25/10/2011 2:37
GBP/USD R↑ B↑ 1.603 → 1.61 1.582 → 1.568 24/10/2011 2:37
GBP/USD R↑ B↑ 1.583 → 1.588 1.571 → 1.5635 21/10/2011 3:02
GBP/USD R↑ G↓ 1.5845 → 1.592 1.5695 → 1.562 20/10/2011 2:51
GBP/USD R↑ R↓ 1.5805 → 1.591 1.561 → 1.5525 19/10/2011 2:41
GBP/USD B↑ B↑ 1.5865 → 1.592 1.5735 → 1.566 17/10/2011 2:45
GBP/USD B↑ R↑ 1.5805 → 1.5855 1.569 → 1.5615 14/10/2011 2:53
GBP/USD B↑ B↑ 1.5845 → 1.595 1.559 → 1.544 13/10/2011 2:49
GBP/USD R↑ B↓ 1.564 → 1.57 1.555 → 1.552 12/10/2011 2:39
GBP/USD G↑ G↓ 1.572 → 1.5785 1.556 → 1.546 11/10/2011 2:44
GBP/USD G↑ B↑ 1.566 → 1.5765 1.544 → 1.532 10/10/2011 2:50
GBP/USD G↑ B↑ 1.553 → 1.563 1.53 → 1.517 7/10/2011 2:39
GBP/USD R↓ G↑ 1.553 → 1.559 1.538 → 1.528 5/10/2011 2:45
GBP/USD R↓ R↓ 1.5535 → 1.564 1.537 → 1.531 4/10/2011 2:48
GBP/USD G↑ B↓ 1.5655 → 1.573 1.552 → 1.546 3/10/2011 2:36
GBP/USD G↑ B↓ 1.5695 → 1.579 1.552 → 1.5445 30/9/2011 2:39
GBP/USD G↑ B↓ 1.564 → 1.5715 1.553 → 1.549 29/9/2011 2:41
GBP/USD G↑ R↑ 1.571 → 1.58 1.553 → 1.544 28/9/2011 2:39
GBP/USD G↑ B↑ 1.5605 → 1.5655 1.5465 → 1.538 27/9/2011 2:44
GBP/USD R↓ B↑ 1.5535 → 1.559 1.539 → 1.529 26/9/2011 2:43
GBP/USD B↓ R↓ 1.546 → 1.558 1.527 → 1.5205 23/9/2011 2:45
GBP/USD R↓ B↓ 1.567 → 1.583 1.5415 → 1.532 22/9/2011 2:46
GBP/USD B↓ R↓ 1.6245 → 1.631 1.612 → 1.606 2/9/2011 3:00
GBP/USD B↓ B↓ 1.6315 → 1.6375 1.621 → 1.617 1/9/2011 3:06
GBP/USD R↓ B↓ 1.64 → 1.649 1.623 → 1.616 31/8/2011 2:48
GBP/USD G↑ B↑ 1.647 → 1.652 1.635 → 1.628 30/8/2011 2:45
GBP/USD B↓ B↑ 1.64 → 1.646 1.625 → 1.615 29/8/2011 2:46
GBP/USD B↓ R↓ 1.636 → 1.645 1.6225 → 1.6175 26/8/2011 2:47
GBP/USD G↓ B↓ 1.6475 → 1.659 1.63 → 1.624 25/8/2011 2:47
GBP/USD B↑ R↑ 1.6555 → 1.6625 1.644 → 1.6385 24/8/2011 2:46
Any transaction in the Forex currency market is risky. The information on this site is intended for use in the general information purposes only and should not be construed as a recommendation to buy or sell any currency pair. Any information on the site may change at any time and without notice. The author does not take any kind of liability for any direct or indirect loss arising from the use of the information contained on the site.

Economic statistics

9:30gbp Industrial Production (MoM) 0.5%
9:30gbp Industrial Production (YoY) -3.3%
9:30gbp Manufacturing Production (MoM) 1.0%
9:30gbp Manufacturing Production (YoY) 0.8%
9:30gbp Visible Trade Balance (Pounds) -£7111
9:30gbp Trade Balance Non EU (Pounds) -£3748
9:30gbp Total Trade Balance (Pounds) -£1109
6:45chf SECO Consumer Confidence -19
5:00jpy Consumer Confidence 40.0
1:30cny Producer Price Index (YoY) 0.7%
1:30cny Consumer Price Index (YoY) 4.5%
23:50jpy Housing Loans (YoY) 2.20%

Interest rates table

country % Next
US 0.25 13/3/2012
EU 1 9/2/2012
0.1 14/2/2012
GB 0.5 9/2/2012
CH 0.25 15/3/2012
CA 1 8/3/2012
AU 4.25 6/3/2012
NZ 2.5 8/3/2012